#1
Alright so I'm fairly new to the recording world. I would just like to record my ideas and eventually some demos at home so I'm looking for a little guidance in the right direction.
I understand that I would need to procure and interface which I'm a little hesitant on doing. My budget for one is probably around $150-$250. I've heard a little about the mbox and I was wondering if that would be a wise decision for myself seeing as it can go directly into protools. Also I'm not 100% sure about the whole microphone thing. I know that to record vocals I'd need one, but would I need another for my guitar? Couldn't I just plug my guitar directly into the input on the interface and record like that?

I'd just like a little bit more info from people more experienced with home recording then me.
#2
I have no interface, I just bought a USB microphone and record all my guitars/bass/vocals/synth you name it through it. Its an APEX 440 condensor mic, and it runs for about 90 bucks. It is a little bit noisy, as far as that goes, but if youre just getting started, id suggest it. Especially if its just for ideas and such. Save the money
#3
I'd go with an interface and a cheap condenser mic. The condenser will do vocals, acoustic guitar etc and you can record bass and electric guitars through the interface into amp sim software.
#6
Stay away from the Fast Track interfaces - myself and a few friends have had nothing but bad experiences with those.
As for tracking guitars, going direct through the interface is a good idea IMO, as long as you have access to a decent amp sim. Pod farm is always good, or if you're able to run VST plugins (windows) I've heard some people getting good tones from LeCab. I dont know much about the latter though.
Write the music you want to hear.